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Hồn Ma của Sự Chiếm ưu Thế Tài Chính trong Khu vực Đồng Euro
Italian Economic Journal - Trang 1-22 - 2023
Tóm tắt
Khác với các cuộc khủng hoảng trước đây, các tổ chức châu Âu đã phản ứng kịp thời trước đại dịch Covid-19 bằng cách thực hiện một hỗn hợp chính sách phù hợp. Tuy nhiên, hỗn hợp chính sách này đã chứng minh là không đủ để giảm thiểu các rủi ro bất ổn tài chính trong Liên minh Châu Âu do thời hạn tạm thời của chính sách tài khóa tập trung và sự dai dẳng của các cú sốc bất lợi. Thực tế, tác động của đại dịch đã bị gia tăng bởi những hậu quả tàn khốc của cuộc chiến tại Ukraine. Những bất cập có thể xảy ra trong việc thực hiện Next Generation-EU (NG-EU) và phản ứng không đầy đủ đối với cuộc khủng hoảng Ukraine có thể kích hoạt, tốt nhất, sự phục hồi của sự áp đảo tài chính và tài khóa trong các nền kinh tế khu vực đồng euro. Tuy nhiên, bằng cách sử dụng một mô hình đơn giản liên quan đến giai đoạn hậu đại dịch và chiến tranh, chúng tôi chỉ ra rằng việc gia tăng gánh nặng cho vai trò của Ngân hàng Trung ương Châu Âu sẽ đi kèm với những chi phí cao. Do đó, chúng tôi cho rằng cần phải theo đuổi phát triển bền vững dựa trên việc thực hiện thành công NG-EU và chuyển đổi chính sách tài khóa tập trung một lần thành công cụ chính sách thường xuyên.
Từ khóa
#Covid-19 #Khủng hoảng tài chính #Ngân hàng Trung ương Châu Âu #Next Generation-EU #Tài khóa #EurozoneTài liệu tham khảo
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